China’s main sovereign wealth fund, China Investment Corporation (CIC), is planning to sell private equity investments worth $1 billion in the U.S. through the secondary market, according to people familiar with the matter. (Reuters). This decision comes as Beijing directs its state-backed funds to avoid putting money into U.S. financial firms, due to growing political … Continue reading China’s Sovereign Fund to Sell $1 Billion U.S. Private Equity Portfolio Amid Tensions